GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Income may be determined through?
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Income Approach
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Productive Approach
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Expenditure Approach
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All of the above
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Explanation:
Detailed explanation-1: -The national income of a country can be measured by three alternative methods: (i) Product Method (ii) Income Method, and (iii) Expenditure Method. In India, Central Statistical Organisation (1949) now renamed as Central Statistical Office (CSO) has been formulating National Income.
Detailed explanation-2: -Gross Domestic Product (GDP) Net National Product (NNP) Gross National Product (GNP) Personal income. Disposable income.
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